The United Nilgiri Tea Estates Company Limited has informed the Exchange regarding Outcome of Board Meeting held on May 20, 2026 inter alia considering the approval of Internal Auditors of the Company for the financial year 2026-2027.
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The Board of Directors approved the audited financial results for FY 2025-26 (year ended March 31, 2026). Total revenue from operations declined to Rs. 8,335.36 lakhs from Rs. 8,979.55 lakhs in the previous year (down ~7.2%), mainly due to lower plantation segment revenue. However, profit after tax improved significantly to Rs. 2,194.35 lakhs from Rs. 1,851.00 lakhs (up ~18.5%), driven by better cost management and higher other income. EPS increased to Rs. 43.91 from Rs. 37.04. The Board recommended a final dividend of Rs. 2.20 per share, taking the total dividend for the year to Rs. 3.20 per share (32%). Statutory auditors K.S. Aiyar & Co issued an unmodified (clean) opinion. The company also appointed Deloitte Touche Tohmatsu India LLP as internal auditors for FY 2026-27, replacing the previous firm.
Revenue declined year-on-year but profitability improved meaningfully, indicating better operational efficiency. The clean auditor opinion and shareholder-friendly dividend policy are positives. The appointment of a Big Four firm (Deloitte) as internal auditors suggests stronger governance controls going forward.